Core Viewpoint - DeFi Development Corp. announced a special dividend in the form of warrants to common stockholders, reinforcing confidence in the company's trajectory and aligning with shareholder interests [5] Warrant Distribution Details - Each stockholder as of the Record Date (October 23, 2025) will receive one warrant for every ten shares held, rounded down to the nearest whole warrant [2][6] - The company expects to distribute approximately 3.3 million warrants on or around October 27, 2025, based on current outstanding shares and convertible notes [3] - Holders of Convertible Senior Notes due 2030 will receive warrants based on an as-converted basis, with specific ratios outlined in the governing indenture [2][6] Warrant Characteristics - Each warrant allows the holder to purchase one share of common stock at an exercise price of $22.50, valid until January 21, 2028 [4] - The warrants will be freely tradable and listed on the Nasdaq Capital Market under the ticker DFDVW following the Distribution Date [4] Financial Implications - If all warrants are exercised, the company could receive up to $73.5 million in gross proceeds, intended for general corporate purposes and acquisition of SOL [5] - The warrant distribution provides a non-dilutive option for stockholders to participate in the company's capital raising efforts [5] Company Overview - DeFi Development Corp. focuses on holding and staking SOL, providing investors with exposure to the Solana ecosystem while generating staking rewards [12] - The company operates its own validator infrastructure and is engaged in decentralized finance opportunities [12]